Quantafuel ASA (OB:QFUEL) reached an agreement to acquire remaining 50% stake in Quantafuel Uk Ltd/Quantafuel Sunderland Limited/Quantafuel Cheshire Limited for NOK 51.1 million on December 30, 2021. Under the terms of agreement, the transaction value is to be paid in cash or shares at Quantafuel’s discretion, split in three performance-based tranches related to Proof-of-Concept in Skive and the establishment of new UK plants, with a total value of up to NOK 51.5 million. The agreement has been completed following historic agreements with the parties. Any consideration shares will be issued under Quantafuel ASA board’s current authority to increase the share capital. Further, Midas retains an option to participate in the two first Quantafuel plants in the UK with up to 5%, and Quantafuel retains the option to employ Midas Group in a consulting function. Following the agreement, Quantafuel ASA owns 100% of the three UK companies.